CommerceBlock

What is CommerceBlock

Approximately $350 trillion in global assets are held and traded within the confines of the fiat banking system. Limited by a lack of liquidity, transparency, and accountability between centrally managed financial institutions and their customers, capital markets do not operate as freely and efficiently as possible.

We believe that the inefficiencies of traditionally styled financial infrastructure limits global trade and economic growth. By moving assets and trade to a public blockchain, we can eliminate the need for trusted intermediaries whose externalities have weighed negatively on global trade flows. CommerceBlock has engineered the first platform for enabling global economic trade in a secure, private, and efficient manner on public blockchains.

All of our current and future product offerings will be based on peer-reviewed research authored by experts from the open source and academic cryptocurrency communities. CommerceBlock has active integrations with clients in the financial and commercial real estate industries.

Problem

The large majority of commerce still relies on traditionally architected financial products and services. These permissioned systems route and account for value in centrally managed databases. These custodians and their services are subject to censorship, seizure, failure, hacking risk, monopolistic pricing, and other externalities.

Solution

The advent of the Bitcoin protocol has enabled permission-less financial innovation. CommerceBlock’s product offerings provide a suite of tools that enables anyone to build and use services that construct contracts, manage trade flows, engage in multiparty dispute management, issue assets, and hedge currency risk. Developers and end users will be able to manage all stages of a business interaction and fulfil their contractual obligations by utilising the CommerceBlock platform.

These services will be integrated into infrastructure we have already implemented. We have released the first open-source implementation of the pay-to-contract and homomorphic address protocol outlined by Timo Hanke and Ilja Gerhardt. The protocol has been designed in such a way that all business logic, customer funds, and trade details are managed on the client side meaning at no point does CommerceBlock have access to customer funds or private information.